Gillette India has announced its fourth-quarter financial performance, which has shown a remarkable improvement against the same period in the previous year.
The firm reported a net profit of ₹159 crore, a 61% increase from ₹99 crore of the previous year. Revenue also increased by 12.7%, at ₹767.5 crore compared to ₹681 crore of the same quarter.
Gillette India's EBITDA saw a huge surge of almost 40%, rising to ₹225.8 crore from ₹161.6 crore year-on-year. Also, the EBITDA margin rose to 29.42%, compared to 23.73% during the same quarter last year. These statistics depict a very positive trend in the financial and operating health of the company for the quarter.
V Kumar, Director of Gillette India Limited said, "Gillette India has maintained a good performance, both at the top-line and bottom-line in the fiscal. The growth has been volume-led by our Grooming category.". The year-on-year consistent results have been made possible by our teams' better execution of the combined strategy which we continue to stick to – a streamlined portfolio of everyday use categories where performance leads to brand selection, superiority (product performance, packaging, brand communication, retail execution and value to consumer and customer), productivity, constructive disruption, and an agile and accountable company – all designed to deliver sustainable balanced growth and value creation. This strategy is paying us dividends on a consistent basis and thus continues to be the correct path forward as we enter the new fiscal year."
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